Specialist, TM
Standard Chartered Bank
Kancheepuram, India, Asia
5d ago

The Role Responsibilities


  • Review level 2 AML alerts in line with the Trade AML Procedure document and Red Flag document
  • To escalate any positive alerts to country FCC for their review and decision
  • To ensure implementation of Trade AML policies in line with the procedures in vogue
  • To work with stakeholders (including Trade Product, Engineering, Group FCC, Group TB) to work on AML related issues.
  • To continuously provide input to stakeholders on improving the overall AML process including system related.
  • Key Responsibilities

  • Review pre and post transaction alerts from an AML perspective via Trade AML
  • Ensure that appropriate systems, procedures and controls are in place in line with the existing policies and are operating efficiently for Trade
  • Ensure timely submissions of monthly MIS with respect to Trade AML alerts and reports to country / FCC
  • Ensure timely review and escalation of alerts via Trade AML System to country FCC / RFCIO
  • Coordinating Trade AML rollout across all markets in line with the group implementation plan
  • Coordinate IT initiatives / issues with respect to Trade AML system in use by Operations / AML Advisors
  • Coordinate BCP / DR testing in addition to taking appropriate measure for managing a crisis situation
  • Build skill and talent by undertaking local / international certifications relating to AML
  • Initiate and drive operational excellence activities.
  • Secure Acceptable’ audit ratings for the unit and ensure timely resolution of audit and AML risk related issues
  • Ensure the team complies with the organization ILDP program
  • Provide inputs to the training team on AML as required
  • Conduct regular connects with the Operations’ team in Trade, to share cases and new learning, if any.
  • Ensure low levels of attrition in the AML team.
  • Conduct regular skip levels with the staff in the team to ensure employee morale is high
  • To keep the team updated on important aspects of AML policies and procedures from time to time so that the entire team is up the speed with the current policies.
  • Risk Management

  • Analyse significant financial crime risk events (e.g. non-compliant transactions, production orders) to ensure that all connected parties, particularly cross-border are identified and reported at the appropriate levels internally across all relevant jurisdictions.
  • Apply Group and FCC policies and processes (AML surveillance, client screening, risk assessment) to manage risks.
  • Governance

  • In the event of serious regulatory breaches, or where risk tolerances have been breached, ensure senior management are informed and that actions are taken quickly to remediate and / or activities are ceased.
  • Support all control checks undertaken by FCC under the Operational Risk Framework (ORF).
  • Regulatory & Business conduct

  • Display exemplary conduct and live by the Group’s Values and Code of Conduct.
  • Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank.
  • This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.

  • Lead the FCSU to achieve the outcomes set out in the Bank’s Conduct Principles : Fair Outcomes for Clients; Effective Operation of Financial Markets;
  • Financial Crime Prevention; The Right Environment.

  • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
  • People and talent

  • Promote and embed a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm.
  • Project / change management

  • Review new business requirements and provide solutions where required.
  • Head of Trade Services and their management team
  • Key Measurables

  • Timely reporting and escalation of significant AML related issues.
  • Satisfactory regulator examinations and audits effective control and monitoring of suspicious transactions.
  • Successful system implementation (minimal or no operational risk issues).
  • Compliance with Trade AML Policies and Procedures.
  • Other Responsibilities

  • Embed Here for good and Group’s brand and values in FCSU,
  • Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
  • Interpretation of and consultations on AML related requirements
  • System implementation and enhancement
  • Audit and reviews
  • Our Ideal Candidate

  • Professional with a combination of Trade and AML knowledge
  • Effective collaborative skills that contribute to positive working relationships with counterparts across various stakeholders
  • Understanding of relevant Group, Trade AML policies and standards
  • Strong written and verbal communication skills.
  • An inquisitive approach to practices and procedures.
  • Personal authority and integrity.
  • Independence, resilience and good judgement
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